Jump to content
Find Professionals    Deals    Get Quotations   Portfolios
Sign in to follow this  
fridakahlo

How Much Reno Loan Can I Borrow?

Recommended Posts

Looking for good contractors? Click here for your request

You can get loan quantum amounting to 6x mthly income. Another 4x mthly income for furnishing loan;

My monthly salary is over $3600 it is possible to get reno loan up to $30,000?

 

Share this post


Link to post
Share on other sites

Hi Haze, let's say if bank A loan me $20k and bank B loan me another $20k, can i take both at the same time which is total $40k?

Edited by Vct
 

Share this post


Link to post
Share on other sites

Hi! Under MAS regulation, it must not exceed 6x your monthly income from 2 different Financial institutions.

Email me at haze.tan@rhbgroup.com so that I can further explain to you.

Edited by Haze
 

Share this post


Link to post
Share on other sites

get reno loan after you get your keys...then it wont affect your TDSR..

it is 6 time your monthly salary..so 3.6 x 6 =21.6k

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×